If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
While many CEOs are planning for the next fiscal year, a cohort of local executives is planning for the next fiscal downturn. Group members have their eyes on 2019, forecast by some economists to be the year the next economic contraction arrives.
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
U.S. hiring showed a strong downturn in September, and job gains for July and August were lower than previously thought, a sour note for a labor market that had been steadily improving.
Indiana’s unemployment rate dropped to its lowest point since 2007 in August despite the loss of 5,500 private-sector jobs, the Indiana Department of Workforce Development announced Friday.
Hiring in August was the slowest in five months. U.S. stocks opened lower Friday after the report left investors uncertain about the outlook for interest rate policy.
Labor costs fell at a 1.4-percent rate in the second quarter, indicating that wages are not rising even as unemployment declines.
U.S. consumers increased their spending by a moderate amount in July, while income growth was propelled by the largest jump in wages and salaries in eight months.
The economy expanded at an annual rate of 3.7 percent in the April-June quarter, more than a percentage point greater than the 2.3 percent originally estimated last month, the Commerce Department reported Thursday.
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.
A wave of fear triggered by instability in China initially doused U.S. stocks on Monday morning, but then quickly receded by noon.
Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, possible signs of further progress in the U.S. labor market that’s keeping the Federal Reserve on the path toward raising interest rates as soon as next month.
The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments.
The state’s unemployment rate fell to 4.9 percent in June, sinking below 5 percent for the first time since February 2008, the Indiana Department of Workforce Development said Tuesday morning.
The overall survey results, compiled by the National Association for Business Economics, portray an economy muddling along at a steady, if tepid, pace.
The rate fell mostly because many people out of work gave up on their job searches and were no longer counted as unemployed. Average hourly pay was flat.
The trend indicates that employers are confident enough in future consumer demand to retain their staffs. The number of people receiving benefits fell 50,000 to 2.22 million.
U.S. economic growth in the second quarter is predicted to be far weaker than previously expected and it will prevent the pace of annual growth from exceeding last year's 2.4 percent, according to a forecast by a group of U.S. business economists.
The government’s revised estimate for last quarter, released Friday, was weaker than its initial estimate of 0.2-percent growth. The U.S. trade gap was found to be wider than first estimated. And consumer spending was slower than previously thought.
The state’s unemployment rate fell from 5.8 percent in March to 5.4 percent in April, the Indiana Department of Workforce Development announced Wednesday.
